Ranking the best value contracts in the NHL for the 2025 season
In a league where a few million dollars in cap space can mean the difference between playoff glory and another early exit, finding players who drastically outperform their contracts is rare and vital. These deals give teams flexibility, depth, and a window to contend.
These 15 deals in 2025 are stealing the spotlight for all the right reasons.
15. Jack Hughes — New Jersey Devils
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Eight million dollars a year used to mean “really good.” Now it gets you borderline MVP production in New Jersey. Hughes has five seasons left on his deal and already drives play like few centers can. His skill, age, and bargain tag make this contract nearly impossible to top in overall value.
14. Brandon Hagel — Tampa Bay Lightning
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Locked in at $6.5 million for seven more years, Hagel is producing like a legitimate star. His 35-goal, 90-point season included elite five-on-five play and a top-10 Selke finish. That kind of two-way impact at a mid-tier cap hit gives Tampa a top-line winger for a bargain-bin price.
13. Seth Jarvis — Carolina Hurricanes
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Carolina didn’t wait around with Jarvis. They handed himseven years at $7.4 million and watched as he morphed into one of the NHL’s savviest defensive forwards. Add solid scoring and clutch play, and the value speaks for itself.
12. Sam Reinhart — Florida Panthers
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Coming off a 57-goal season, Reinhart somehow re-signed for just $8.6 million per year. That deal now looks dramatically undervalued, especially when compared to players like William Nylander and Elias Pettersson. Reinhart’s two-way play and production outpace his peers at a much lower price.
11. Nathan MacKinnon — Colorado Avalanche
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A few years back, MacKinnon’s new deal was hockey’s richest. Now, the cap has grown, and he’s still one of the three most dominant players in the league. His $12.6 million looks pretty reasonable, especially when compared to players doing half as much with similar paychecks.
10. Leon Draisaitl — Edmonton Oilers
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There was a moment when $14 million felt steep. Then Draisaitl kept scoring, rounded out his defensive game, and redefined what a complete forward could look like. He’s one of the few who can carry a top-line solo. With cap space rising, the sticker shock is already fading fast.
9. Dylan Guenther — Utah Mammoth
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Guenther’s $7.1 million deal is already outperforming expectations. Utah committed early and may have landed a future face of the franchise at a discount. He’s tracking at nearly a point per game, and if he breaks through another tier, this becomes a cornerstone deal.
8. Lucas Raymond — Detroit Red Wings
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Detroit rolled the dice on Raymond’s upside, and it’s already looking like a win. His $8.1 million contract stretches seven years into his prime, and his production is inching closer to elite territory. For a guy often buried in the headlines, Raymond’s numbers are among the league’s most efficient.
7. Matt Boldy — Minnesota Wild
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Boldy’s game is built on balance. He scores, forechecks, and makes it hard to play against his line. Minnesota snagged that versatility for $7 million per year through 2029. As he continues to develop, comparisons to bigger-name forwards look less like wishful thinking and more like accurate math.
6. Tim Stützle — Ottawa Senators
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Still just scratching the surface, Stützle’s $8.4 million cap hit looks likely to be a bargain. He’s refined his defensive game without sacrificing offensive output, and the ceiling is high. Signed through 2031, this deal could grow increasingly favorable as he continues his upward trajectory.
5. Thompson — Buffalo Sabres
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Thompson’s size grabs attention, but his hands do most of the damage. He’s a 6’6” top-line center who produces like a winger and plays through the middle.At $7.1 million until 2030, Buffalo has one of the better power-forward deals going, and flexibility that’s hard to come by in that slot.
4. Jesper Bratt — New Jersey Devils
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Bratt’s eight-year contract didn’t stir headlines, but it should’ve. He’s a consistent driver on New Jersey’s top line who piles up assists and clean zone entries. His $7.875 million cap hit looks more reasonable with every cap jump. For a high-skill winger in his prime, this deal is excellent.
3. Josh Morrissey — Winnipeg Jets
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Morrissey’s deal might be the best value among top-pair defensemen. He’s locked in through 2028 at just $6.25 million, and his offensive totals have leapt without sacrificing coverage in his own end. With the price of elite defense climbing, Winnipeg’s foresight here looks sharper every season.
2. Jake Sanderson — Ottawa Senators
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Ottawa jumped the gun on Sanderson in the best way. His $8.05 million extension covers all the prime years, and his defensive presence is already top-pair level. Add growing confidence on offense, and the cost starts to look more like insurance than risk. This one may age very, very well.
1. Mikey Anderson — Los Angeles Kings
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One of the most reliable shutdown defenders in the NHL, Anderson is signed through 2028 at just $4.125 million. Though not flashy, his ability to log top-pair minutes against elite competition makes his contract one of the most efficient for a defense-first role in the entire league.